Beddow Capital Management Inc. Sells 4,178 Shares of International Business Machines Corporation $IBM

Beddow Capital Management Inc. lowered its stake in International Business Machines Corporation (NYSE:IBMFree Report) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,790 shares of the technology company’s stock after selling 4,178 shares during the period. International Business Machines makes up approximately 5.1% of Beddow Capital Management Inc.’s portfolio, making the stock its 6th biggest holding. Beddow Capital Management Inc.’s holdings in International Business Machines were worth $13,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of IBM. Family CFO Inc acquired a new position in International Business Machines during the fourth quarter worth $25,000. Basepoint Wealth LLC purchased a new position in International Business Machines in the fourth quarter worth $25,000. Joseph Group Capital Management purchased a new position in International Business Machines in the fourth quarter worth $28,000. SWAN Capital LLC purchased a new position in International Business Machines in the third quarter worth $28,000. Finally, DecisionPoint Financial LLC raised its position in International Business Machines by 1,666.7% in the fourth quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 1.4%

International Business Machines stock opened at $280.92 on Tuesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The firm has a market capitalization of $264.03 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.95 and a beta of 0.66. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $332.46. The stock’s fifty day moving average is $247.27 and its two-hundred day moving average is $270.69.

International Business Machines (NYSE:IBMGet Free Report) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.International Business Machines’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.60 earnings per share. Analysts predict that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a dividend of $1.69 per share. The ex-dividend date of this dividend is Friday, May 8th. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines’s dividend payout ratio is 59.77%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IBM. Weiss Ratings cut International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Oppenheimer cut their price objective on International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Stifel Nicolaus set a $290.00 price objective on International Business Machines in a research report on Friday, May 22nd. Finally, BMO Capital Markets cut their price objective on International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $304.17.

Read Our Latest Analysis on International Business Machines

International Business Machines News Summary

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International Business Machines Company Profile

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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